Wednesday · May 13, 2026 Vol. I · No. 132
Independent · Aggregated · Daily
"All the news that's worth your time"
Established 2026
The

Krull Report

A Daily News Brief · Curated by Vladimir Krull
Live
Trump arrives in China for high-stakes meeting with Xi Jinping Deadly Russian drone attacks on Ukraine resume after ceasefire expires Ex-Spurs chief Levy never imagined relegation fight Is the Pentagon’s UFO dump a political distraction? India’s salt workers brave brutal heat on Gujarat’s desert plains More than 1,000 passengers held on cruise after gastrointestinal illness outbreak Starmer has ‘full confidence’ in Streeting despite health secretary’s allies saying he is planning … Levy optimistic Tottenham will avoid relegation Trump arrives in China for high-stakes meeting with Xi Jinping Deadly Russian drone attacks on Ukraine resume after ceasefire expires Ex-Spurs chief Levy never imagined relegation fight Is the Pentagon’s UFO dump a political distraction? India’s salt workers brave brutal heat on Gujarat’s desert plains More than 1,000 passengers held on cruise after gastrointestinal illness outbreak Starmer has ‘full confidence’ in Streeting despite health secretary’s allies saying he is planning … Levy optimistic Tottenham will avoid relegation

Markets

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Asia markets trade mixed as investors weigh Trump’s ceasefire warning

Asia-Pacific markets trade mixed as investors weighed fresh doubts over the fragile U.S.-Iran ceasefire.

BUSINESS / FINANCE
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Trump puts Taiwan arms sales, Hong Kong jailed activist Lai on agenda ahead of meeting with Xi

Trump said Monday that U.S. arms sales to Taiwan and the imprisonment of Hong Kong media tycoon Jimmy Lai would be among the issues at the summit in Beijing.

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Oil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal

Oil prices rose Tuesday amid concerns over a prolonged Middle East conflict after President Trump's comments that the ceasefire with Iran is on "life support"

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GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs

General Motors is laying off hundreds of salaried employees in its information technology operations.

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OpenAI trial: Nadella says Musk never raised concerns to him about Microsoft investment

Elon Musk named Microsoft as a defendant in his lawsuit against OpenAI

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CNBC's The China Connection newsletter: Trump and Xi face a test over AI control

The stakes for AI security have risen sharply in the runup to the first trip to China by a sitting U.S. president in nearly a decade.

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Google says it likely thwarted effort by hacker group to use AI for 'mass exploitation event'

Hackers are rapidly adopting AI to find previously unknown software flaws even without the help of Anthropic's powerful Mythos model.

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Redistricting war isn't over, Democrats say as Jeffries calls a meeting this week

Democrats are vowing to fight on after being dealt a series of blows in the partisan fight to redraw congressional maps ahead of the 2026 midterms.

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April home sales disappoint as higher mortgage rates weigh on buyers

Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.

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OpenAI revenue chief Dresser says enterprise AI adoption is 'at a tipping point'

The OpenAI Development Company is a partnership with 19 investment and consultancy firms and is majority-owned and controlled by the startup.

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Former Tesla CFO Deepak Ahuja joins EV battery recycler Redwood Materials

Before joining Redwood Materials, Ahuja served as chief financial and business officer at the drone delivery startup Zipline for about three years.

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JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount

The KKR fund, often referred to by its ticker, FSK, has become one of the most visible fault lines in the private credit story.

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Parabolic AI rally has bulls eyeing a comeback for this one-time meme metal trade

Silver prices surged 7% Monday to the highest since March.

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Trump, congressional Republicans float suspending federal gas tax amid Iran war

Voters are souring on Trump's economy ahead of the 2026 midterm elections, and high gas prices are only adding to consumer discontent.

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A beat-and-raise is key for Qnity — plus, high stakes for CEOs on Trump China trip

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

BUSINESS / FINANCE
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Saudi Aramco CEO says oil market won't normalize until 2027 if Hormuz disruption persists

Oil inventories are rapidly drawing down as the Strait of Hormuz remains closed, Saudi Aramco CEO Amin Nasser said.

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Trump invites Elon Musk, Tim Cook, Larry Fink and other CEOs to join China trip for Xi summit

Trump invited Tesla's Elon Musk, Apple's Tim Cook and Blackrock's Larry Fink to join his China trip for talks with Xi Jinping on trade, AI and geopolitics.

BUSINESS / FINANCE
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Hantavirus cases spark brief surge in pharma and biotech stocks — here’s why trading is so volatile

The outbreak of Hantavirus on a cruise ship has led to biotech and pharmaceutical stocks surging on reports of firms developing vaccines.

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Traders are treating this legacy tech giant like the next 'meme' stock

Options traders might have found a new big tech favorite ahead of this week's earnings.

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Hassett says AI isn't costing anybody their job right now — but tech layoffs keep coming

Tech companies have continued to announce layoffs tied to AI, including recent cuts from Amazon, Meta and Oracle.

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Michael Burry is not a believer: 'For any stocks going parabolic reduce positions almost entirely'

Michael Burry said investors should "reject greed" as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher.

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Cole Allen pleads not guilty to trying to assassinate Trump

Allen is accused of trying to kill Trump, transporting firearms interstate, discharging a firearm during an act of violence and assaulting law enforcement.

BUSINESS / FINANCE
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Chip stocks continue to surge. Here's how to buy one for less

The immediate impulse might be to jump in the chip rally. If you're in that camp, a more measured approach might be to use options and risk less capital.

BUSINESS / FINANCE
Business / Finance · Markets

IRS may owe millions of taxpayers refunds for pandemic-era penalty relief. How to file a claim

Millions of Americans could be eligible for pandemic-era tax refunds based on Kwong v. United States ruling. Here's the deadline and who qualifies.